【$SPACE Signal】Long - 1H level strong breakout, main capital support evident

$SPACE The 1H level has just completed a volume-driven massive bullish breakout, with the price jumping directly from the 0.0055 area to 0.0064, showing extremely strong momentum. The 4H level has already broken through the previous consolidation platform, forming a bullish engulfing pattern. Currently, the price is consolidating strongly near the high point of the massive candlestick, with stable open interest, indicating that the main capital has not exited the market. This is a typical strong consolidation structure after a short squeeze, and a pullback is an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00605 - 0.00610 (Reason: The first support zone after a strong breakout, also the upper part of the massive bullish candle )

🛑Stop Loss: 0.00585 (Reason: Falling below the midpoint of the massive bullish candle and the 1H EMA20 support invalidates the bullish structure )

🚀Target 1: 0.00650 (Reason: The first psychological resistance after the breakout, also near the previous high on the 4H level )

🚀Target 2: 0.00690 (Reason: Based on the 1.618 Fibonacci extension of the bullish breakout candle )

🛡️Trade Management:

- Position suggestion: Light position (Reason: The 24-hour increase is already significant, volatility is extremely high, risk control is necessary )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.00610. If the price strongly breaks through 0.00650 and stabilizes, the remaining position target can be set at 0.00690.

Deep logic: The market shows extreme strength. The 1H RSI(69) is in the strong zone but not overheated, leaving room for further upward movement. The key signal is: while the price has risen by 24%, the open interest(OI) remains stable and has not decreased due to profit-taking, implying that the main capital is still supporting or adding to the position, not just retail chasing highs. The order book depth shows a large accumulation of sell orders above 0.006124(383K). Once absorbed by buying, it will trigger a rapid rise. Coupled with positive funding rates, this is a typical bullish market led by short squeeze.

Trade here 👇 $SPACE

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